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Pi Network News: Why PI Token Is Falling Despite Telegram Integration
The post Pi Network News: Why PI Token Is Falling Despite Telegram Integration appeared first on Coinpedia Fintech News
With a series of negative news, KYC controversy, Network issues, and updates, nothing has worked in favor of the Pi Network. Not only that Pi Network (Pi), after the massive hype, is struggling to recover as its price has dropped over 61% in the past month. Even after integrating with Telegram’s Crypto Wallet, Pi hasn’t seen any real buying momentum. The token is stuck in a bearish trend with no clear sign of a turnaround. With fading investor interest, it will be interesting to see if it can beat this downtrend or not.
Telegram Partnership Fails to Spark a Rally
When Pi Network announced its integration with Telegram’s Crypto Wallet, many expected a price boost. Instead, the token has remained under pressure. Pi’s Bollinger Band Trend (BBTrend), which tracks momentum, has been negative for 12 straight days, currently sitting at -22.34 as per data. A negative BBTrend means sellers are in control, and the further the number moves from zero, the stronger the trend.
Despite the Telegram news, investors have not shown enough interest to reverse the decline. The market remains cautious, and without a major push from buyers, Pi may continue to slide. Moreover, many also expected that Pi would rise once it was listed in Binance but that too is not coming true, making it worse and more painful for the network to sustain the current selling pressure.
Weak Buyer Interest Keeps PI Stuck
However, there’s a small sign of recovery, as Pi Network’s Relative Strength Index (RSI) has moved up from an oversold level of 23.8 to 40.45. The RSI measures whether an asset is overbought or oversold, with values below 30 indicating extreme selling pressure. While Pi is no longer oversold, its RSI is still below the neutral 50 mark—suggesting that buyers remain hesitant.
For Pi to break out of this downtrend, the RSI would need to climb above 50, signaling a shift in sentiment. Until that happens, the token is more likely to continue consolidating or even drop further.
Also Read :
How Will Pi Network’s Token Unlock Impact Pi Coin’s Price?
,
Key Levels to Watch – What’s Next for PI?
Pi Network is testing an important support level at $0.718. If it fails to hold, the next major support sits at $0.62, which could act as a floor for price stabilization. However, if selling continues, the Pi might fall even lower.
On the upside, if Pi gains momentum, the first major resistance to break is $1.05. A successful breakout above this level could push the token toward $1.23, and if the rally continues, it could even reach $1.79.
For now, the Pi Network remains in a downtrend. Unless a major catalyst sparks demand, the token’s struggle may not be over yet.
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Subscribe to News FAQs Why is Pi Network price dropping?
Pi Network price is down due to weak investor interest, KYC issues, network problems, and failure to gain momentum despite Telegram integration.
Is Pi Network getting listed on Binance soon?
There’s no confirmation of a Binance listing yet, and without it, Pi struggles to gain investor confidence or price momentum.
With a series of negative news, KYC controversy, Network issues, and updates, nothing has worked in favor of the Pi Network. Not only that Pi Network (Pi), after the massive hype, is struggling to recover as its price has dropped over 61% in the past month. Even after integrating with Telegram’s Crypto Wallet, Pi hasn’t seen any real buying momentum. The token is stuck in a bearish trend with no clear sign of a turnaround. With fading investor interest, it will be interesting to see if it can beat this downtrend or not.
Telegram Partnership Fails to Spark a Rally
When Pi Network announced its integration with Telegram’s Crypto Wallet, many expected a price boost. Instead, the token has remained under pressure. Pi’s Bollinger Band Trend (BBTrend), which tracks momentum, has been negative for 12 straight days, currently sitting at -22.34 as per data. A negative BBTrend means sellers are in control, and the further the number moves from zero, the stronger the trend.
Despite the Telegram news, investors have not shown enough interest to reverse the decline. The market remains cautious, and without a major push from buyers, Pi may continue to slide. Moreover, many also expected that Pi would rise once it was listed in Binance but that too is not coming true, making it worse and more painful for the network to sustain the current selling pressure.
Weak Buyer Interest Keeps PI Stuck
However, there’s a small sign of recovery, as Pi Network’s Relative Strength Index (RSI) has moved up from an oversold level of 23.8 to 40.45. The RSI measures whether an asset is overbought or oversold, with values below 30 indicating extreme selling pressure. While Pi is no longer oversold, its RSI is still below the neutral 50 mark—suggesting that buyers remain hesitant.
For Pi to break out of this downtrend, the RSI would need to climb above 50, signaling a shift in sentiment. Until that happens, the token is more likely to continue consolidating or even drop further.
Also Read :
How Will Pi Network’s Token Unlock Impact Pi Coin’s Price?
,
Key Levels to Watch – What’s Next for PI?
Pi Network is testing an important support level at $0.718. If it fails to hold, the next major support sits at $0.62, which could act as a floor for price stabilization. However, if selling continues, the Pi might fall even lower.
On the upside, if Pi gains momentum, the first major resistance to break is $1.05. A successful breakout above this level could push the token toward $1.23, and if the rally continues, it could even reach $1.79.
For now, the Pi Network remains in a downtrend. Unless a major catalyst sparks demand, the token’s struggle may not be over yet.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
Subscribe to News FAQs Why is Pi Network price dropping?
Pi Network price is down due to weak investor interest, KYC issues, network problems, and failure to gain momentum despite Telegram integration.
Is Pi Network getting listed on Binance soon?
There’s no confirmation of a Binance listing yet, and without it, Pi struggles to gain investor confidence or price momentum.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.